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More weakening: Real (inflation-adjusted) Income and spending was negative in April. The PCE price index remained flat at 0.3 percent for the month and 2.7 percent for the year. chart Personal Income and Outlays, April 2024 The BEA’s Personal Income and Outlays report for April shows no further progress on the inflation front and weakening consumer ...
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US President Joe Biden on Friday (May 31) laid out what he described as a three-phase Israeli proposal for a ceasefire in Gaza in return for the release of Israeli hostages, saying "it's time for this war to end". The first phase involves a six-week ceasefire when Israeli forces would withdraw from "all populated areas" of Gaza. Some hostages - including ...